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the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying their twitter accounts were attacked. >>> meanwhile it isn't 1999 but investors are sure partying like it is, after nasdaq hit an all-time high. >>> generating some buzz after a facebook town hall chat with parents' magazine and a discussion focusing on joe biden's gun control efforts. >> if you want to protect yourself, get a double barrel shotgun. you don't need an ar-15. buy a shotgun. buy a shotgun. >> vice president says he has two shotguns of his own at his home in delaware. those dash cam videos from russia never seem to disappoint. take a look, the driver was surprised to see that the vehicle came at
the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying...
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. >> the pentagon will notify congress of its plan to furlough employees. more than 700,000 will be required to take one day off per week without pay if sequestration kicks in. >> maryland could be impacted most by sequestration. >> howard county officials are bracing. 50,000 officials hold positions that could be affected by the in. that can agaikick >> it will be devastating. it is not just the big contractors. it is also the small ones. >> calling on congress to get a deal done. the obama administration plans to stop cyber stealing. >> hallie jackson has details. >> the obama administration will announce it is going after countries that spy on the u.s. by hacking. the u.s. wants more fines as part of an aggressive stance against cyber attacks, especially those from china. a chinese military unit was linked to years of stealing secrets on mine from the u.s. and private companies. china says they have nothing to do with the cyber attacks. >> what has the administration done so far? >> the president has signed an executive order. he talked about this in his
. >> the pentagon will notify congress of its plan to furlough employees. more than 700,000 will be required to take one day off per week without pay if sequestration kicks in. >> maryland could be impacted most by sequestration. >> howard county officials are bracing. 50,000 officials hold positions that could be affected by the in. that can agaikick >> it will be devastating. it is not just the big contractors. it is also the small ones. >> calling on congress to...
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our pentagon correspondent barbara starr is standing by with more on that story. what are they saying? >> well, you know, fredricka, we've been hearing for weeks about this fancy word around washington called sequester. what are we really talking about? layoffs at the pentagon, cutbacks in military spending, but it is the layoffs that are going to start if this budget cut problem is not solved, if congress cannot avert mandatory spending cuts. what the pentagon did is notify congress, are some 800,000 civilian workers are facing one day of furlough for the next 22 weeks. it is going to start hitting an awful lot of people right in the pocketbook. i want you to have a quick listen to one of the pentagon officials that explained some of the impact today. >> the effects of sequestration and the continuing resolution on our military personnel will be devastating. but on our civilians, it will be catastrophic. these critical members of our workforce, they work in our depots. they maintain and repair our tanks, our aircraft, our ships, they teach our kids. they care for
our pentagon correspondent barbara starr is standing by with more on that story. what are they saying? >> well, you know, fredricka, we've been hearing for weeks about this fancy word around washington called sequester. what are we really talking about? layoffs at the pentagon, cutbacks in military spending, but it is the layoffs that are going to start if this budget cut problem is not solved, if congress cannot avert mandatory spending cuts. what the pentagon did is notify congress, are...
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but how much discretion do they have at the pentagon, barbara? can they get rid of big ticket gun programs, weapons instead of furloughing these thousands of people, for example? >> they say they cannot do that, wolf. essentially, sequestration, that word again, means mandatory across the board budget cuts. everybody takes a hit. so they say they can't do that. >> the military will not furlough workers on bases around the world and there are at least 100 bases around the world. only bases in the united states can be furloughed. why is that? >> in many cases these foreign nonu.s. workers are paid by the local countries so there's no savings there. in other cases, they would have to renegotiate essentially employment agreements with that government. that opens up a can of worms. a lot of this is just set in stone, very little discretion about how to carry all of this out if it comes to that, wolf. >> $46 billion in defense department cuts, according to this forced budget plan cut. just for some perspective, the u.s. is going to spend $88 billion th
but how much discretion do they have at the pentagon, barbara? can they get rid of big ticket gun programs, weapons instead of furloughing these thousands of people, for example? >> they say they cannot do that, wolf. essentially, sequestration, that word again, means mandatory across the board budget cuts. everybody takes a hit. so they say they can't do that. >> the military will not furlough workers on bases around the world and there are at least 100 bases around the world. only...
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i was in the pentagon and it got a lot better. you realize that you really have to go after the people who do the work, logistics, communications, information, build car bombs, communicate, you have to take those out. so we came up with a strategy. i used to tell people it is like rocky balboa and apollo creed. we will hit them in the mid section and hit them a lot. from august 2004 when we did 18 raids, we were doing 300 raids a month. that is 10 per night. now, if you stop and say, that the law, that's impressive, that means that every guy is going on the force in a braid each night. every pilot is flying one or two of these per night. these are not patrolled. someone is getting shot. extraordinary. in order to do that, you cannot use previous systems. you have to be able to bring in this intelligence on the industrial scale, we would start to exploit the computers, phones, we would take biometric data, it would be pumped back to west virginia from the target is if we ever had that person before. and if we had even had any deali
i was in the pentagon and it got a lot better. you realize that you really have to go after the people who do the work, logistics, communications, information, build car bombs, communicate, you have to take those out. so we came up with a strategy. i used to tell people it is like rocky balboa and apollo creed. we will hit them in the mid section and hit them a lot. from august 2004 when we did 18 raids, we were doing 300 raids a month. that is 10 per night. now, if you stop and say, that the...
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. >> michael: i'mture chuck hagel would like one of those pentagon-brewed beers. let's talk about hagel. he is calling for cuts to the defense budget. republicans have just skewed him with it. and how will he do with that? >> there is some concern in how chuck hagel will work with those on capitol hill. you have heard the chairman of the house armed services committee say he doesn't want chuck hagel to be confirmed. he think president obama needs to put up someone new. but it is likely he will be confirmed in a very hostile, tense environment where he is working in the constraints of the military. >> michael: and you can see it happening. juana summers defense reporter for "politico." thanks for being in "the war room." >> thank you. >> michael: up next, when last we left the meddling koch brothers their scheme to overtake democracy has been foiled. but they were bound to pop up again in the next season. stick around. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current
. >> michael: i'mture chuck hagel would like one of those pentagon-brewed beers. let's talk about hagel. he is calling for cuts to the defense budget. republicans have just skewed him with it. and how will he do with that? >> there is some concern in how chuck hagel will work with those on capitol hill. you have heard the chairman of the house armed services committee say he doesn't want chuck hagel to be confirmed. he think president obama needs to put up someone new. but it is...
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i worked in the pentagon. it would have made it a lot better. so we realized you really have to go after the people who do the work, people who do logistics, communications, pass information, do car bombs, you have to take those out. we came up with a strategy, philadelphia would love this. it is like rocky balboa and apollo creed. we'll hit them in the midsection and hit them a lot. from august of 2004 when we did 18 raids, two years, later, same month, same force, same fight, we were doing 300 raids a month. that was ten a night. now, if you stop and you say, well, ten a night, that's a lot, that's impressive. that means every raid guy on the force is going on a raid at least one raid every night. every pilot's flying one or 2:00 raids every night. and these raids are not patrols. this is not with foot, these are going in the door, somebody is getting shot. extraordinary, and to do that though you can't use previous systems. one you've got to be able to bring in this intelligence on an industrial scale. you have got to be able -- we got to the
i worked in the pentagon. it would have made it a lot better. so we realized you really have to go after the people who do the work, people who do logistics, communications, pass information, do car bombs, you have to take those out. we came up with a strategy, philadelphia would love this. it is like rocky balboa and apollo creed. we'll hit them in the midsection and hit them a lot. from august of 2004 when we did 18 raids, two years, later, same month, same force, same fight, we were doing...
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eastern to talk about pentagon plans on c-span 2 at 1:00. gail is on the democrat line. what did you think of the secretary's speech? >> i thought that his speech was excellent. i am really grateful for the secretary and what he is doing. we live in an interdependent world and it is important that we give foreign policy rights. that also includes getting the budget right. that is the message around the world. if we want to be successful, we need to do this at home, we need to make sure that we are sending the message of who americans are out of the world. thank you so much, senator -- secretary carry, for what you're doing. >> john, independent line. >> i would like -- i like to the secretary's speech. it had ambition and scope. i wish him great success in the job. i do feel that he has to overcome a legacy of failure from hillary clinton in her years as secretary of state. >> what is the specific failure he has to overcome? caller: she tried a russian reset, which i do not think worked. they are now talking about pivoting into the south china sea and sticking a finger i
eastern to talk about pentagon plans on c-span 2 at 1:00. gail is on the democrat line. what did you think of the secretary's speech? >> i thought that his speech was excellent. i am really grateful for the secretary and what he is doing. we live in an interdependent world and it is important that we give foreign policy rights. that also includes getting the budget right. that is the message around the world. if we want to be successful, we need to do this at home, we need to make sure...
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Feb 20, 2013
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the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying their twitter accounts were attacked. >>> meanwhile it isn't 1999 but investors are sure partying like it is, after nasdaq hit an all-time high. >>> generating some buzz after a facebook town hall chat with parents' magazine and a discussion focusing on joe biden's gun control efforts. >> if you want to protect yourself, get a double barrel shotgun. you don't need an ar-15. buy a shotgun. buy a shotgun. >> vice president says he has two shotguns of his own at his home in delaware. those dash cam videos from russia never seem to disappoint. take a look, the driver was surprised to see that the vehicle came at
the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying...
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they're betting they'll blame the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense, bipartisan action." and joining us now for more on this from washington, the former chief economist of the international monetary fund and bloomberg view columnist, simon johnson. he's the co-author of "white house burning: our national debt and why it matters to you," now out in paperback. simon, good to see you this morning. >> nice to be with you. >> simon, if you could help us through this over the next week or so, it doesn't look like there's a path to avoiding the sequestration if you listen to the two sides. so how damaging would this be? because we've heard a couple different versions of it that would
they're betting they'll blame the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense,...
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do you accept the criticisms of the pentagon should have been warning about these furloughs souter so that they give the time or the urgency to the congress to do something about it? >> well, first, we started some slowdown in spending in general were a tenth and the number of the measures i mentioned went into effect shortly after that hiring freeze was cut back on the facilities maintenance. and we took a significant effort to try to slow down our spending to avoid more draconian actions later. i know that people feel we should have said more earlier. i will say 16 months ago the secretary send a letter to the united states congress saying defective sequestration would be devastating. the was october of 2011. after that we did a series of assessments and we testified in august and i personally testified in september. we listed every major item we are talking about. we said we would have to do furloughs. we said that the adviser would go down and unit costs would go up to it i mean, all the same things. what we didn't do is the tel budget planning. and i don't regret that because if
do you accept the criticisms of the pentagon should have been warning about these furloughs souter so that they give the time or the urgency to the congress to do something about it? >> well, first, we started some slowdown in spending in general were a tenth and the number of the measures i mentioned went into effect shortly after that hiring freeze was cut back on the facilities maintenance. and we took a significant effort to try to slow down our spending to avoid more draconian...
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do you accept the criticism that the pentagon should have been warning about these sooner? >> first, we started the slowdown in spending on january 10. a number of the measures that i mentioned went into effect shortly after that. significant efforts were made to slow down spending on more draconian actions later. i know that people felt we should have said more earlier. 15 months ago the secretary sent a letter to the u.s. congress saying that the effects of sequestration would be devastating. after that we testified in august and again in september, we listed every single major item we're talking about. we said that there would be cutbacks in readiness and a unit buys would go down with unit costs growing up. what we did not do was detailed budget planning. i do not regret that. if we did it 60 months ago, we would have been wrong. we would not know that congress would have changed the size and the date and we would not have incurred the tigre -- we would not have incurred the degradation route. we sounded the alarm in every way that we could. >> what kind of contract are
do you accept the criticism that the pentagon should have been warning about these sooner? >> first, we started the slowdown in spending on january 10. a number of the measures that i mentioned went into effect shortly after that. significant efforts were made to slow down spending on more draconian actions later. i know that people felt we should have said more earlier. 15 months ago the secretary sent a letter to the u.s. congress saying that the effects of sequestration would be...